Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
its time to start calling the current situation what it is, a depression. Agree?
its time to start calling the current situation what it is, a depression. Agree?Tell me if you want to call the '83 downturn a depression too.Unemployment rates:
1929 _3.2 ____ 2007 4.6 ____ 1979 5.8
1930 _8.7 ____ 2008 5.6 ____ 1980 7.1
1931 15.9 ____ 2009 8.7 ____ 1981 7.6
1932 23.6 ____ 2010 9.6 ____ 1982 9.7
1933 24.9 ____ 2011 9.0 ____ 1983 9.6
a depression.
Agree?
Do you understand what a Depression is?
We are not even in a Recession
a depression.
Agree?
Do you understand what a Depression is?
We are not even in a Recession
Not surprisingly, the loss of faith in democracy has been greatest in the countries that suffered the deepest economic slumps.
My wife and I have visited the Florida east coast now for the last 5 years running, and we see strong signs of economic activity the first time this year. Some abandoned housing projects are seeing new construction action, and some new start-ups.
We had fewer motel room choices this year because there are fewer vacancies. We see lots of sprucing up of formerly forlorn and dilapidated properties.
Back at our home base (our business is real estate in Indiana) we saw a turning point about six months ago, when new construction began and buyers began making much fewer demands for price reductions from the sellers.
Democratic values were more under siege when the communist Soviet Union invaded Afghanistan. Tell me if you want to call the '83 downturn a depression too....democratic values are under siege. Furthermore.... The crisis of the euro is killing the European dream...its time to start calling the current situation what it is, a depression. Agree?Tell me if you want to call the '83 downturn a depression too.Unemployment rates:
1929 _3.2 ____ 2007 4.6 ____ 1979 5.8
1930 _8.7 ____ 2008 5.6 ____ 1980 7.1
1931 15.9 ____ 2009 8.7 ____ 1981 7.6
1932 23.6 ____ 2010 9.6 ____ 1982 9.7
1933 24.9 ____ 2011 9.0 ____ 1983 9.6
a depression.
Agree?
a depression.
Agree?
there is no agreed on definition of an economic depression.
Not even remotely close.
When you go to a grocery store and the shelves are 3/4 empty...
. The shared currency, which was supposed to bind nations together, has instead created an atmosphere of bitter acrimony.